See how a novated lease compares
Compare the cost of buying a car outright, financing it with a loan, or using a novated lease through your salary.
Features
Novated Lease
Traditional Car Loan
Cash Purchase
Tax Advantages
Convenience and
Budgeting
Cash Flow Efficiency
Flexibility
Significant tax benefits: payments come from your pre-tax salary, reducing your taxable income and saving on both income tax and GST.
All major running costs - fuel, servicing, registration, and insurance - are bundled into one easy monthly payment.
By packaging costs and using pre-tax income, you can free up more take-home pay compared to managing a loan and separate expenses.
You have the flexibility to either return the car, upgrade to a new one, or buy it at the end by paying the residual value.
Employment Linked Benefits
Ideal for employees: enjoy vehicle benefits while employed without large upfront costs. Transferable if changing employers (depending on circumstances).
Repayments are made from after-tax income, compared to a novated lease, which uses your pre-tax salary to reduce your taxable income.
You must manage, budget, and pay for all running costs separately.
Higher monthly burden since loan payments and running costs come from after-tax salary.
You automatically own the car once the loan is paid, but with no flexibility to upgrade mid-term without selling.
Loan remains your responsibility, regardless of employment changes.
When you buy a car with cash you must earn income, pay income tax first, then use the remaining money to buy the car.
You must manage, budget, and pay for all running costs separately.
Paying cash ties up a large amount of money in a depreciating asset.
Paying cash locks a large amount of money into the vehicle upfront, reducing financial flexibility.
A cash purchase does not access any salary packaging benefits available through an employer.
How a novated lease works
A novated lease allows eligible employees to pay for a vehicle and
associated running costs directly from their salary.
Step 1.
Choose a vehicle
Select the car you want — new or used — and the lease is arranged through your employer.
Step 2.
Lease is set up with your employer
Lease payments and many running costs can be deducted from salary, which may reduce taxable income.
Step 3.
Costs are managed simply
Fuel, servicing, insurance and registration can be bundled into one regular payment.
.png)
Whether you’ve already found the perfect car or need help narrowing it down, we’re here to assist. You can lease a new, used, or even your existing vehicle in some cases. We’ll help you work out the best deal and provide a quote tailored to your budget and salary.
We liaise with your employer to set up the salary packaging arrangement. They don’t need to do much — we make it easy on their end too.
Throughout your lease we remain your ongoing point of contact — whether it's for service bookings, claims, or questions. You’ll also have access to a driver portal to track expenses and claims.
Why Choose Express Fund?
At Express Fund, we go beyond just leasing cars — we make the process fast, flexible, and easy to understand. Whether you're an employee or a business owner, our goal is our aim is to help you make the most of your before-tax salary and drive with confidence.
Flexible finance options tailored to your needs.
Fast approvals so you can access funds when you need them.
Expert support every step of the way.
Competitive rates with no hidden fees.
Trusted by businesses and individuals Australia-wide.
Testimonials
Great work Express Fund
“Great work on my new vehicle acquisition from Ben and the team, I'd have no hesitation in recommending their great services to anyone!"
- Byron
Highly recommend!
"Thank you so much for everything that you've done for me and helped me with through this.Will certainly recommend you to friends and use you again in the future."
- Michael
Will definately use again
"A great way of financing my new vehicle purchase, will continue this way with my next purchase"
- Andrew
Calculate your savings